Forward Accounting NZ Ltd

02/09/2026

When did you last review your prices?

With business costs continuing to rise, keeping your prices unchanged could mean you're working just as hard for less profit. In our latest blog, we look at how to review your pricing, margins and costs – and why putting prices up isn't always the only answer.

41% of NZ businesses are thinking of raising prices to combat increased costs. But is an increased price point the silver bullet it appears to be? We explain the pros and cons.

30/08/2026

💛Daffodil Day Month 💛

August is about more than wearing a daffodil – it's about standing alongside the thousands of New Zealanders and their families whose lives have been impacted by cancer.

Like so many people, cancer has touched my family. I lost my mum 17 years ago after her battle with cancer, and while time has passed, she is never far from my thoughts. Today, I remember her and the strength she showed throughout her journey.

The Cancer Society is there for people when they need it most, providing practical support, trusted information, accommodation, counselling, and funding life-changing cancer research. Their work makes a real difference, but they can't do it without our help.

If you're able to, please consider making a donation this Daffodil Day. Every contribution—big or small—helps support New Zealanders facing cancer today and gives hope for tomorrow.

Let's also take a moment to check in on someone who may be going through a difficult time. Sometimes a conversation, a message, or simply letting someone know you're thinking of them can mean more than we realise.

💛 Today, I'm remembering my mum and everyone else we've loved and lost. I'm also thinking of those still fighting, those in remission, and the families walking alongside them.

If you'd like to honour someone special, I'd love for you to share their name or story in the comments.

Together, we can make a difference.

28/08/2026

Paying less tax can feel like a win — but it shouldn’t be the only goal.

One of the most important things we do with clients is look beyond the immediate tax bill and ask: What are you actually trying to achieve?

Maybe you want to buy a home or investment property, reduce debt, build up cash reserves, grow the business or simply create more financial security.

The strategy that produces the lowest taxable income today isn’t necessarily the strategy that gets you where you want to be tomorrow.

Good advice starts with understanding your goals and then making your financial decisions around them.

That’s what we mean by looking forward, not just looking backwards.

25/08/2026

Buying a rental or investment property involves more than finding the right property and arranging finance. The decisions you make before you sign—from how the property will be used and financed to ownership structure and future plans—can have important tax and financial implications. This blog covers seven key things property investors should consider before committing to a purchase and explains why getting advice early can help avoid costly complications later.Write your summary intro here...

Buying a rental or investment property involves more than finding the right property and arranging finance. The decisions you make before you sign—from how the property will be used and financed to ownership structure and future plans—can have important tax and financial implications. This blog ...

24/08/2026

Buying clothes for work doesn’t automatically make them a business expense.

This is one of those areas where the tax rules can catch business owners out. The question isn’t simply, “Do I wear it for work?” — it’s whether the clothing meets the requirements to be deductible for tax purposes.

Protective clothing, uniforms and clothing that is distinctive to your occupation may qualify. Your everyday wardrobe generally won’t, even if you only bought that new jacket because you needed to look professional for clients.

It’s a good reminder that what feels like a business expense and what is deductible for tax purposes aren’t always the same thing.

Not sure what you can claim? Ask before you spend — we’re always happy to help.

18/08/2026

Do you regularly review your Profit and Loss, Balance Sheet and debtor reports? Here are six reasons understanding your financial reports can help you make better business decisions.

Making time to look over your financial reports each month is an important task for any business owner. We can give you an overview of what reports you'll need to help you build a thriving business.

16/08/2026

Tax deductions aren’t always as black and white as they might seem.

Something you use for work may be claimable — but it depends on what it is, how it’s used and whether there’s also a private benefit.

Sunglasses? Maybe, in the right circumstances.
A laptop bag? Potentially.
Coffee with a client? There are specific entertainment rules to consider.
Safety gear? If it’s genuinely required for the job, quite possibly.

The important thing is not to assume that because you paid for something while working, it automatically makes it a business expense.

And equally, don’t miss out on legitimate deductions because you assumed something couldn’t be claimed.

Not sure? Ask us. We’d much rather you check than leave a valid deduction sitting on the table.

14/08/2026

How organised are your business records?

One missing receipt might not seem like a big deal today, but it could become a problem if IRD ever reviews your GST claims.

Good record keeping isn't just about compliance—it's about protecting your business.

✅ Store receipts as you receive them.
✅ Save them digitally in Xero or your preferred cloud system.
✅ Keep your records for at least 7 years.

A few minutes spent today can save hours of stress later.

If you're unsure whether your record keeping systems are up to scratch, we'd be happy to help.

📞 Get in touch with Forward Accounting NZ Ltd.

11/08/2026

Are you paying yourself too much... or not enough?

Many business owners struggle to find the right balance between rewarding themselves and keeping enough cash in the business to grow.

The answer isn't just about profit—it's about cashflow, sustainability and planning ahead.

If you're unsure whether your business is paying you the right amount, let's have a conversation.

As a business owner, how much should you pay yourself? It depends on how much your business can afford, market pay rates, and whether reinvestment could pay dividends.

10/08/2026

"At what revenue level can I stop worrying about cashflow?"

The honest answer?

There isn't one.

We've worked with businesses turning over hundreds of thousands—and others turning over several million dollars—that still experience cashflow pressure.

Why?

Because cashflow isn't driven by sales alone.

✔ Customers paying late
✔ Stock purchases
✔ Loan repayments
✔ GST and tax obligations
✔ Business growth

Growing revenue without managing cashflow can actually increase financial pressure.

Understanding where your cash is going is just as important as knowing how much you're selling.

If you've ever asked, "We're making money... so where has all the cash gone?" you're certainly not alone.

Let's work through the numbers together.